Cardano update: IOHK fired up for DeFi, mobile clients for Daedalus, and CBDCs

With multiple teams both inside and outside of IOHK currently working on Daedalus and Goguen, the first week of October has been largely uneventful for Cardano.

Charles Hoskinson, the CEO of IOHK, grabbed the opportunity to discuss what lies ahead for Cardano in the next few years, revealing that mobile clients for the Daedalus wallet and integrating CBDCs were very high on IOHK's list of priorities.

Around the same time, IOHK will begin showcasing the third-parties working on Cardano.

With no concrete dates for October releases and updates, Hoskinson discussed things that might await Cardano not just in the weeks and months to come, but also years down the line.

He addressed the backlash the Cardano Effect podcast received for asking the community to fund 24 episodes of the show with 750,000 ADA. "That's the way it should be," he said, explaining that the fact that every single ADA that comes from Cardano's treasury belongs to all users, which gives them the right to question both where it's going and why it's going there.

Headed by Michael Parsons, the Foundation requested that it's consulted before IOHK makes any partnerships and decisions that will affect Cardano.

Deciding to give up control over Cardano's governance doesn't mean IOHK will stop working on improving the blockchain.

Hoskinson said that the company's plan for the next five years is to focus "Aggressively" on developing mobile clients for Cardano.

Hoskinson said that he already has a strategy on CBDCs, revealing that multiple central banks in African countries approached IOHK with a proposition to integrate their national currencies with Cardano.

While the introduction of native assets on Cardano will certainly make this possible, Hoskinson said that he wants to focus on utilizing CBDCs issued on blockchains with a universal basic income program.